I have new job i can make 1000 per week. Should I play blackjack? Should I play higher stakes? If i lose 1000$ I can replenish it the next week? is that ok!? How should I approach this? and any help on minumum bet and maximum bet and spread!?
I have new job i can make 1000 per week. Should I play blackjack? Should I play higher stakes? If i lose 1000$ I can replenish it the next week? is that ok!? How should I approach this? and any help on minumum bet and maximum bet and spread!?
While the ability to replenish is good, your betting levels should be based upon your BR. BR should dictate your max bet. What the ability to replenish does is that you do not need to lower your bets too quickly if losing. I think folks will need a lot more information (BR, skill level, etc). $1000 a week is only about $50,000 a year.
Originally Posted by RoadWarrior
Making $1,000 a week living with your parents is probably equivalent to a 'normal' working person making upper 6k a month after everything is taken care of at home . You have got it made my friend. I'm assuming your car insurance and car payment are taken care of as well? If that's the case you are far far ahead of most full grown adults by being able to 'stack' $1,000 per WEEK . You do not need to play BJ right now . Milk your current living arrangement (no rent payment monthly) and concentrate on your job $1,000 is good money PER WEEK and I have a multiple degrees making far, far less. Buy a few books or start how I started- which it sounds like you already have . Skim the forum and read everything you can . Most people jump the gun and get eatin' alive because they know 'just enough' to get themselves in trouble .
Work for the next 4 months or so and really focus on your job and 'out-doing' EVERYONE around you. You should also really focus on saving that entire $1,000 PER WEEK to play in the near future. Of course that would be some times away, but would give you more than enough time to read a few thousand posts, Don's book(BJA3) and Norms book at bare minimum.
You seem like your headed in the right direction .
Last edited by Orangechip2; 05-01-2015 at 11:40 PM.
There is no glory in practice, but without practice there is no glory . -Unknown
Agree 100%. To be truly ready you need to learn a lot more than just counting cards. Just the memorization of the indices and the getting proficient at counting and the mechanics of using the information like TC conversions at high speed, quick and automatic BS decisions and index plays that are not even close. An understanding of how quickly advantage accumulates for each index so you can know when a close index play is worth racking your brain over and when the gain is so small that it isn't worth the trouble or added attention from a splitting hairs type decision. A knowledge of EOR's for hand matchups can increase your intuitive understanding of the fluid dynamic of these situations and why some indices accumulate advantage so quickly after the index is exceeded while others don't. All this is knowledge used for basic counting. Then you get into the more important aspects of making a go of it like managing your BR and other parts not related to actually playing BJ but maximizing your return when balanced with risk to your BR.
All this will take 6 months give or take a month or so depending on how quick you can teach yourself and how dedicated you are to the task. If you put as much of that $1K/week aside for a BR while you learn you would have a BR of as much as $25K when you are truly ready to play with a $1K a week coming in to replenish your BR as you learn some hard lessons at the casino that aren't easily learned any other way. I would tread lightly at first until you get the hang of playing. Learn a simple count tat allows a logical progression to more complicated approaches if you chose that is what you want to do when the time comes. Most stick with the simpler approach but you must learn to crawl first. Then when you are comfortable you can up the stakes to something more appropriate for your BR. I would learn the most important indices (I18 and Fab4. They get most of the gain from using indices) first but make sure I learned the positive indices with the exception of some that never gained much. You definitely want to learn the positive indices that gain EV fast after the index is exceeded. These add to your advantage and help make the swings a little more comfortable as they affect your largest bets. Learning some more indices is something that even a beginner can do easily without risk of mistakes.
If you can make around 48k a year through your regular job after all expenses are paid for, my advice is to have your job direct deposit your paychecks to your bank account (more on that in a bit) while practicing and perfecting your blackjack through reading, practicing at home, and starting at $5 minimum tables.
I recommend starting at the bottom and working your way up to higher stakes to make sure you actually want to play blackjack seriously and if you can handle the swings and emotional aspects of the game.
Month #1 (4k BR): $5 min, 1-4/6/8 spread on DD, or 1-12/14/16 on 6D.
Month #2 (8k BR): $10 min, same spreads
Basically have about 800-1000 minimum bets even though your bankroll is replenishable so that you can get comfortable with your game and progress into higher stakes as your bankroll and confidence grow.
The reason for having your job direct deposit your paychecks to your bank account is so you can establish yourself to your bank, qualify for a mortgage and eventually move out of your parents' house. Okay, that's not the primary reason I had in mind. By all means, do stay with your parents as long as you are welcome! As long as you aren't a hassle, that's the one place you won't get "barred" from! What I had in mind was you having an average 6-month balance of 50k+ and then applying for casino credit. You'll be treated like a VIP and get almost everything comped in Vegas. And by that time, you'll be comfortable with the stakes and will be doing well. So after a year and a half, start applying for casino credit if that path interests you (and if you're still interested in blackjack at that point). However, do not apply for credit in four or more casinos in a 14-day period, that's called the "4 in 14" rule.
OC2 mentioned having multiple degrees and making less than you are, so try to appreciate the money and not go wild just because you know you have money coming in the next week through your regular job. Practice and move up in stakes as your bankroll, knowledge, and confidence grow.
Last edited by Shadowless; 05-03-2015 at 03:34 AM.
Say what, now??
I was "barred" from my parents home on the morning of my 18th birthday, with not a hint of this action before hand. I had 3 months remaining in my senior year of high school. It was a full fledged barring, complete with trespass act, not a mild backoff.
The question is why you were barred. If my love for my kids is how other parents feel about their kids, you must have really abused them to get them to throw you out. My daughter did move out at 18 but of her own choice because she was ready to experiment and correctly determined that it would be hard on us. She left a free home to get herself a job and roommates while she went to college. I cannot imagine throwing my kids out.
Sort of disagree here. I agree he shouldn't count his whole $1K/week because he has overhead. Only count that part of your pay that you can add to your bankroll as part of your bankroll and then only maybe the next three to six months of that extra income (you might get fired and don't want to count money as part of your BR that you won't ever receive, that is, as the time horizon extends any future money has less certainty). If you make $1K /week and $200 of it is excess then you might count $5200 as part of your bankroll ($200 x 26 weeks). Likewise, if you're getting $500/month in casino coupons you know will continue for three months, then you could reasonably count an extra $1500 or so as part of your bankroll.
Hardly. It was a stepfather situation. I wasn't his and he wanted me out. Ancient history though and I don't want to hijack the thread. Just wanted to dispute the statement that "it's the one place you won't get barred from", based on my experience.
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